Studio Neo: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Studio Neo
Largest movements
- Tangible fixed assets +€441,057
up €441,057 (+601.9%), from €73,275 to €514,332
of which Land and buildings: +€503,104
- Current investments -€144,576
down €144,576 (-95.9%), from €150,795 to €6,218
- Receivables within one year +€30,567
up €30,567 (+368.5%), from €8,294 to €38,860
of which Trade receivables: +€26,669
- Cash +€24,331
up €24,331 (+25.9%), from €93,818 to €118,149
mainly Short-term financial debts (+€200,690) and Debts after one year (+€158,182)
- Short-term financial debts +€200,690
new in 2025: €200,690
of which Other loans: +€200,000
- Debts after one year +€158,182
new in 2025: €158,182
of which Financial debts: +€156,782
- Tax, wage and social debts -€28,152
down €28,152 (-65.1%), from €43,272 to €15,119
- Current portion of long-term debt +€16,424
new in 2025: €16,424
- Other debts +€7,742
new in 2025: €7,742
- Other operating charges +€62,010
up €62,010 (+6084.6%), from €1,019 to €63,029
- Taxes -€26,435
down €26,435 (-99.4%), from €26,584 to €149
- Financial charges +€12,435
up €12,435 (+1785.3%), from €696 to €13,131
- Depreciation +€10,856
up €10,856 (+94.9%), from €11,439 to €22,295
- Financial income -€1,062
down €1,062 (-93.5%), from €1,135 to €73
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,455 | €682,028 | +€352,573 | +107.0% |
| Fixed assets | 21/28 | €73,515 | €514,332 | +€440,817 | +599.6% |
| Tangible fixed assets | 22/27 | €73,275 | €514,332 | +€441,057 | +601.9% |
| Land and buildings | 22 | - | €503,104 | +€503,104 | |
| Plant, machinery and equipment | 23 | €1,956 | €833 | -€1,123 | -57.4% |
| Furniture and vehicles | 24 | €20,319 | €10,395 | -€9,924 | -48.8% |
| Assets under construction and advance payments | 27 | €51,000 | - | -€51,000 | |
| Financial fixed assets | 28 | €240 | - | -€240 | |
| Current assets | 29/58 | €255,940 | €167,696 | -€88,244 | -34.5% |
| Amounts receivable within one year | 40/41 | €8,294 | €38,860 | +€30,567 | +368.5% |
| Trade receivables | 40 | €8,294 | €34,963 | +€26,669 | +321.6% |
| Other amounts receivable | 41 | - | €3,898 | +€3,898 | |
| Current investments | 50/53 | €150,795 | €6,218 | -€144,576 | -95.9% |
| Cash at bank and in hand | 54/58 | €93,818 | €118,149 | +€24,331 | +25.9% |
| Deferred charges and accrued income | 490/1 | €3,033 | €4,468 | +€1,435 | +47.3% |
| Total equity and liabilities | 10/49 | €329,455 | €682,028 | +€352,573 | +107.0% |
| Equity | 10/15 | €285,325 | €280,626 | -€4,699 | -1.6% |
| Reserves | 13 | €285,325 | €282,500 | -€2,825 | -1.0% |
| Distributable reserves | 133 | €285,325 | €282,500 | -€2,825 | -1.0% |
| Profit (loss) carried forward | 14 | - | -€1,874 | -€1,874 | |
| Amounts payable | 17/49 | €44,130 | €401,402 | +€357,272 | +809.6% |
| Amounts payable after more than one year | 17 | - | €158,182 | +€158,182 | |
| Financial debts | 170/4 | - | €156,782 | +€156,782 | |
| Other amounts payable | 178/9 | - | €1,400 | +€1,400 | |
| Amounts payable within one year | 42/48 | €44,130 | €243,220 | +€199,090 | +451.1% |
| Current portion of amounts payable after more than one year | 42 | - | €16,424 | +€16,424 | |
| Financial debts | 43 | - | €200,690 | +€200,690 | |
| Credit institutions | 430/8 | - | €690 | +€690 | |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €859 | €3,244 | +€2,385 | +277.8% |
| Suppliers | 440/4 | €859 | €3,244 | +€2,385 | +277.8% |
| Taxes, remuneration and social security | 45 | €43,272 | €15,119 | -€28,152 | -65.1% |
| Taxes | 450/3 | €43,272 | €15,119 | -€28,152 | -65.1% |
| Other amounts payable | 47/48 | - | €7,742 | +€7,742 | |
| Remuneration, social security and pensions | 62 | €474 | - | -€474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,439 | €22,295 | +€10,856 | +94.9% |
| Other operating charges | 640/8 | €1,019 | €63,029 | +€62,010 | +6084.6% |
| Gross operating margin | 9900 | €94,743 | €93,832 | -€911 | -1.0% |
| Operating profit (loss) | 9901 | €81,811 | €8,508 | -€73,304 | -89.6% |
| Financial income | 75/76B | €1,135 | €73 | -€1,062 | -93.5% |
| Recurring financial income | 75 | €1,135 | €73 | -€1,062 | -93.5% |
| Financial charges | 65/66B | €696 | €13,131 | +€12,435 | +1785.3% |
| Recurring financial charges | 65 | €696 | €13,131 | +€12,435 | +1785.3% |
| Profit (loss) for the period before taxes | 9903 | €82,250 | -€4,550 | -€86,800 | |
| Income taxes | 67/77 | €26,584 | €149 | -€26,435 | -99.4% |
| Profit (loss) for the period | 9904 | €55,666 | -€4,699 | -€60,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,666 | -€4,699 | -€60,365 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.